What Has Driven the Growth of the Security and Vulnerability Management Market in Recent Years?
The security and vulnerability management market has seen considerable growth due to a variety of factors.
• The market size of security and vulnerability management has seen a consistent growth in the past years. It is projected to increase from $13.98 billion in 2024 to $14.53 billion in 2025, showing a Compound Annual Growth Rate (CAGR) of 4.0%.
The rise during the historic period is largely due to factors such as prevailing cyber threats, regulatory measures, amplified network complexity, the spread of the Internet, a transition towards digital businesses, and incidents of data breach.
How Will The Security and Vulnerability Management Market Size Evolve In The Foreseeable Future?
The security and vulnerability management market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for security and vulnerability management is anticipated to experience a substantial surge in the coming years, reaching $22.05 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 11.0%.
This anticipated expansion in the forecast period can be attributed to a number of factors including a lack of cybersecurity talent, a rise in zero trust adoption, the evolution of ransomware, issues with supply chain security, and advances in AI and automation. Meanwhile, the driving trends for the forecasted period encompass a void in cybersecurity-specific skills, increased complexity of cyber threats, regulatory compliance, changes in remote work environments, the shifting to cloud-based systems, and the growth of Internet of Things (IoT).
What Main Forces Are Fueling Expansion In The Security and Vulnerability Management Market?
The expansion of cloud computing usage is anticipated to boost the security and vulnerability management market in the future. Cloud computing provides on-demand computing services such as storage and software via the internet, enabling businesses to flexibly access resources without the need for physical infrastructure. Increased cloud computing usage is attributed to the benefits it affords businesses, such as cost-effectiveness, scalability, and access to powerful resources without the associated costs of investing in or maintaining physical infrastructure. In the realm of security and vulnerability management, cloud computing offers scalable solutions and services to monitor, detect, and address possible threats and vulnerabilities in real time. For instance, The European Commission, a Belgium-based government institution, attested in April 2024 that in 2023, 77.6% of large enterprises confirmed their use of cloud computing services, representing a 6-percentage-point climb since 2021. For medium-sized businesses, cloud service adoption shot up to 59% in 2023, increasing from 53% in 2021. Small business usage similarly grew by 3.8 percentage points, peaking at 41.7% over this timeframe. As a result, the increased utilization of cloud computing is spearheading the security and vulnerability management market's growth.
What Are The Core Segments Of The Globa Security and Vulnerability Management Market?
The security and vulnerability management market covered in this report is segmented –
1) By Component: Software, Services
2) By Organization Size: Small and Medium Scale, Large Scale
3) By Target: Content Management System Vulnerabilities, API Vulnerabilities, Internet of Things (IoT) Vulnerabilities, Other Targets
4) By Application: Banking, Financial Services And Insurance (BFSI), Government and Defense, Healthcare, IT and Telecom, Retail, Other Applications
Subsegments:
1) By Software: Vulnerability Assessment Tools, Security Information And Event Management (SIEM) Software, Patch Management Solutions, Configuration Management Software, Threat Intelligence Platforms
2) By Services: Consulting Services, Managed Security Services, Incident Response Services, Security Training And Awareness Programs, Compliance Management Services
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Which Emerging Trends Are Reshaping The Security and Vulnerability Management Market Size?
Technological progress is a rising trend that is making waves in the security and vulnerability industry. Big businesses in this sector are centering their efforts on creating new and improved products and programs to fortify their place in the market. To illustrate, New Relic, a company based in the US that specializes in observability, introduced New Relic Vulnerability Management in May 2022. This new offering will aid organizations in pinpointing and rectifying security threats with greater speed and precision. To offer a comprehensive approach to security and risk management, all software team members, including security engineers, can utilize New Relic as the primary platform to collate native and third-party security indicators throughout the entire software stack. This systematic approach allows engineers to monitor, debug and safeguard the entire software stack more effectively, thereby lowering overall risks.
Who Are the Key Players in the Security and Vulnerability Management Market?
Major companies operating in the security and vulnerability management market include:
• Dell Technologies Inc.
• International Business Machines Corporation
• Broadcom Inc.
• F-Secure Corporation
• Fortinet Inc.
• Check Point Software Technologies Ltd.
• McAfee Inc.
• Proofpoint Inc.
• Rapid7 Inc.
• Qualys Inc.
• AT&T Cybersecurity Inc.
• Foreseeti AB
• Positive Technologies Company
• Tenable Inc.
• Claroty Ltd.
• Alert Logic Inc.
• Tripwire Inc.
• Skybox Security Inc.
• NetIQ Corporation
• Expanse Inc.
• Outpost24 AB
• Balbix Inc.
• Digital Defense Inc.
• SecPod Technologies Private Limited
• Brinqa LLC
• Holm Security AB
• Acunetix Limited
• RiskIQ Inc.
• Kenna Security Inc.
• Breachlock Inc.
What are the Regional Insights into the Security and Vulnerability Management Market?
North America was the largest region in the security and vulnerability management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the security and vulnerability management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
